Kim Fisk
About Kim Fisk
Kim Fisk is President, Triumph Factoring at Triumph Financial (TFIN), appointed March 25, 2025 after joining Triumph in 2012; she has 13 years at Triumph and 21 years in factoring, and holds the Certified Account Executive in Factoring (CAEF) credential . Prior roles include EVP & COO and EVP, Operations & Underwriting at Triumph Factoring, where she “was instrumental in translating strategic initiatives into operational execution” and improving efficiency and client experience . Company performance context during 2024 included Payments revenue up 35% year over year to $56.7M and Q4 Payments EBITDA margin improving to 8.6%, while the factoring segment achieved invoice aging of 96.2% and launched Factoring‑as‑a‑Service; TFIN’s 5‑year cumulative TSR reached 239% through 12/31/2024 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Triumph Factoring | President | 2025–present | Leads factoring segment following leadership reorganization; succeeds Tim Valdez (now Chairman of Factoring) . |
| Triumph Factoring | EVP & Chief Operating Officer | Pre‑2025 | Instrumental in translating strategic initiatives into operational execution and elevating client experience . |
| Triumph Factoring | EVP, Operations & Underwriting | Pre‑2025 | Leadership improved operational efficiency and underwriting discipline . |
| Triumph Financial | Company tenure | 2012–present | Joined Triumph in 2012; 13 years at Triumph, 21 years in factoring; CAEF credential . |
External Roles
No public company directorships or external board roles disclosed for Fisk. Skip.
Fixed Compensation
Not disclosed. Fisk was not a 2024 named executive officer in the proxy; individual base salary, bonus targets, and equity grant details for Fisk are not provided .
Performance Compensation
Context only: TFIN’s 2024 Annual Incentive Program (AIP) metrics and outcomes for NEOs (Fisk not disclosed as participating).
| Performance Measure | Weighting | Threshold | Target | Stretch | Actual | Earned % |
|---|---|---|---|---|---|---|
| Invoice Price Adjusted EPS | 20% | $0.94 | $1.38 | $1.82 | $0.61 | —% |
| Banking Segment Pre‑Tax Net Income (mm) | 20% | $105.0 | $130.0 | $155.0 | $114.5 | 69% |
| Payments Segment Q4 2024 EBITDA Margin % | 20% | —% | 5% | 10% | 9% | 136% (qualifiers met) |
| Factoring Segment Invoice Aging | 20% | 96% | 96% | 97% | 96.2% | 120% |
| Individual & Business Unit Objectives | 20% | 50% | 100% | 150% | 100% | 100% |
• AIP design includes 20% weight on each metric; Payments payout required successful LoadPay launch and delivery of a sellable data solution (both achieved) .
Equity Ownership & Alignment
- Stock ownership guidelines: CEO 3× base salary; other executive officers 1.5× base salary; directors 5× annual cash retainer. Measurement by the 5th anniversary of adoption or election/appointment; unearned PSUs and unvested options excluded .
- Hedging and pledging: Hedging and short sales prohibited; pledged shares not counted toward guidelines; pledging allowed only via pre‑approved exceptions demonstrating ability to repay without pledged securities .
- Compliance status: Each director/executive officer is within compliance or expected to achieve compliance by their measurement date; Fisk’s individual ownership not disclosed .
Employment Terms
- Appointment: Fisk named President, Factoring on March 25, 2025 in leadership changes aligning segments for growth .
- Agreements: TFIN maintains substantially identical employment agreements for NEOs (Fisk’s specific agreement not disclosed), featuring 1‑year terms with auto‑renewal; extended to at least the 2nd anniversary upon change‑in‑control .
- Severance economics (NEO templates): Qualifying termination (no CIC): 1.0× base salary for most NEOs (1.5× CEO) plus healthcare continuation (12–18 months). Double‑trigger CIC: 2.0× base + trailing 3‑year average bonus (3.0× CEO) plus healthcare continuation (24–36 months); “best‑net” 280G cutback applies .
- Restrictive covenants: Perpetual confidentiality; non‑compete, non‑solicit, and non‑interference during employment and 1 year post‑termination .
- Clawback: Compensation Recovery Policy compliant with SEC/Nasdaq rules recoups erroneously received incentive/equity if financials are restated .
Performance & Track Record
Company financials over Fisk’s tenure context:
| Metric | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|
| Revenues (USD) | $60,385,000 | $54,501,000 | $83,178,000 | $49,439,000* | $64,596,000 |
| Net Income (USD) | $64,024,000 | $112,974,000 | $102,311,000 | $41,081,000 | $16,090,000 |
- Values retrieved from S&P Global.
Operational and segment highlights:
- Payments segment revenue grew 35% YoY to $56.7M; Q4 2024 EBITDA margin reached 8.6% (vs ~break‑even prior year); total processed payment volume $27.8B; network transactions $4.2B .
- Factoring segment improved invoice aging to 96.2%; launched instant purchase decisioning using ML/AI; introduced FaaS and fuel program; FaaS central to C.H. Robinson partnership .
- Fisk commentary on invoice mix: average invoice values can fluctuate as Triumph expands up‑market; mix effects reduce correlation between Triumph Factoring’s average invoice size and the broader spot market; FAS volumes expected to grow with RXO onboarding .
- 5‑year cumulative TSR: $100 invested on 12/31/2019 grew to $239.03 by 12/31/2024; outperformed Nasdaq Bank Index .
Investment Implications
- Compensation alignment and insider pressure: Fisk’s individual comp and grant schedules are not disclosed; however, company‑level architecture emphasizes performance equity (50% PSUs with relative/absolute TSR), double‑trigger CIC terms, clawbacks, and strict hedging/pledging restrictions—supportive of alignment and reduced hedging/pledging risk .
- Retention and execution: Internal promotion with 13‑year tenure suggests continuity; FaaS, ML‑enabled underwriting, and large‑broker integrations (e.g., C.H. Robinson) indicate strategic execution levers in Fisk’s domain .
- Pay‑for‑performance context: Company AIP metrics explicitly include Factoring invoice aging and Payments EBITDA margin, reinforcing operational discipline; say‑on‑pay support historically high at ~95% in 2024, indicating investor acceptance of the framework .
- Trading signals: Lack of Fisk‑specific Form 4 data or pledging disclosures limits direct insider‑selling pressure analysis; firm‑wide prohibitions on hedging/shorting and pledging controls mitigate alignment concerns .